3,001 Shares in Old National Bancorp (NASDAQ:ONB) Bought by Bank of Jackson Hole Trust

Bank of Jackson Hole Trust acquired a new position in shares of Old National Bancorp (NASDAQ:ONB) during the fourth quarter, HoldingsChannel reports. The firm acquired 3,001 shares of the bank’s stock, valued at approximately $65,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. State Street Corp raised its holdings in shares of Old National Bancorp by 0.3% during the third quarter. State Street Corp now owns 14,787,843 shares of the bank’s stock worth $275,941,000 after acquiring an additional 42,723 shares during the period. Geode Capital Management LLC raised its holdings in shares of Old National Bancorp by 6.6% during the third quarter. Geode Capital Management LLC now owns 8,331,969 shares of the bank’s stock worth $155,502,000 after acquiring an additional 514,315 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Old National Bancorp by 147.3% during the third quarter. Victory Capital Management Inc. now owns 7,225,093 shares of the bank’s stock worth $134,820,000 after acquiring an additional 4,303,071 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Old National Bancorp by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,629,864 shares of the bank’s stock worth $67,733,000 after acquiring an additional 78,983 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Old National Bancorp by 13.5% during the third quarter. JPMorgan Chase & Co. now owns 3,498,108 shares of the bank’s stock worth $65,275,000 after acquiring an additional 416,647 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ONB has been the topic of a number of research analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a $26.00 price objective (up from $24.00) on shares of Old National Bancorp in a report on Wednesday, January 22nd. Raymond James reiterated a “strong-buy” rating and issued a $29.00 price target (up from $28.00) on shares of Old National Bancorp in a research note on Wednesday, January 22nd. StockNews.com lowered shares of Old National Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Barclays lifted their price target on shares of Old National Bancorp from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $27.00 price target (up from $23.00) on shares of Old National Bancorp in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Old National Bancorp currently has an average rating of “Moderate Buy” and a consensus target price of $26.29.

Old National Bancorp Stock Performance

Shares of ONB opened at $24.30 on Thursday. The firm has a 50-day moving average of $22.68 and a 200-day moving average of $20.79. Old National Bancorp has a one year low of $15.38 and a one year high of $24.49. The company has a market cap of $7.75 billion, a PE ratio of 14.46 and a beta of 0.88. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.92.

Old National Bancorp (NASDAQ:ONB) last announced its quarterly earnings data on Tuesday, January 21st. The bank reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. Old National Bancorp had a net margin of 18.24% and a return on equity of 14.32%. During the same period in the prior year, the firm posted $0.46 earnings per share. As a group, equities analysts forecast that Old National Bancorp will post 2.08 earnings per share for the current year.

About Old National Bancorp

Old National Bancorp operates as the bank holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. It accepts deposit accounts, including noninterest-bearing demand, interest-bearing checking, negotiable order of withdrawal, savings and money market, and time deposits; and offers loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, agricultural loans, letters of credit, and lease financing.